VIENNA, Austria - The world has tapped only 18 percent of the total global supply of crude, a leading Saudi oil executive said Wednesday, challenging the notion that supplies are petering out. (Boston Herald)
FALLING OIL PRICES have pushed gasoline prices down and could help spur consumer spending while easing inflation pressure. (WSJ)
September 13, 2006 -- Gas pump relief spread through the New York area yesterday with prices plunging to a six-month low, pushing a gallon to as low as $2.68 here.(NY POST)
The total number of worldwide cellular connections now stands at 2.5 billion -- just 12 months after passing the 2 billion mark. Wireless Intelligence, which tracks the global mobile market said growth is currently running at more than 40 million new connections per month -- the highest volume ever.
A quarter of the growth is coming from China and India, with China's market expanding at more than 5 million new connections per month. (Local6.COM)
NEW YORK (AP) - AT&T Inc. (T) is launching an Internet TV service where subscribers can watch live cable channels such as Fox News on any computer with a broadband connection for $20 per month. The AT&T Broadband TV service announced Tuesday features about 20 channels of live and made-for-broadband content. The channel lineup includes the History Channel, the Weather Channel, the Food Network, Bloomberg and Oxygen. Additional channels will be added soon, the company said without elaborating.
Ministers of the Organisation of the Petroleum Exporting Countries arriving in Vienna on Sunday have indicated concern that oil prices may fall. Though the eleven-nation group is unlikely to officially reduce its production quota when it meets on Monday, the change in ministers’ tone could be a harbinger of things to come. (FT.COM)
Treasury Secretary Paulson said he plans to encourage China to continue to embrace capitalism and open its markets. (WSJ)
September 13, 2006 -- In hopes of building cash cushions for its newspapers, The New York Times Co. is selling off its nine small-town TV stations, giving up on the medium.(NY POST)
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